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Dec 28, 2012
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i think a lot of people were expecting regulatory environments to really play havoc with it towards the end of the year, and i think a lot of political capital will be spent on what's at hand right now obviously with the fiscal cliff, and obviously what we do with 2013, i don't think that you're going to see a lot of regulation questioned, asked during 2013. >> okay. >> i think this one is one stock that will benefit. you'll see the analysts start to upgrade it. >> that being b of a. >> wait until the dow goes higher on your list for 2013. >> we don't do anything with respect to the theories of the dogs of the dow, but the generic sense of buying laggards for future outperformers is a broad one. higher growth names outperforming versus last year which was more defensive. what you do is look at the real laggards, hp and intel come to mind real quickly. >> right. >> they are down low for very good reasons. they are reason to be the desk top computing is definitely under siege with more mobile computing. the management issues with hp. all of those things need to be ironed out and as a resu
i think a lot of people were expecting regulatory environments to really play havoc with it towards the end of the year, and i think a lot of political capital will be spent on what's at hand right now obviously with the fiscal cliff, and obviously what we do with 2013, i don't think that you're going to see a lot of regulation questioned, asked during 2013. >> okay. >> i think this one is one stock that will benefit. you'll see the analysts start to upgrade it. >> that being...
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Dec 26, 2012
12/12
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so much to think about, even as you're returning and using cards in this environment. thanks so much. jane wells. when we come back, find out how the fiscal cliff is affecting the euro's move higher. here's one corporate executive's view of the fiscal cliff. >> i'm the president and ceo and owner of canon safe. the fiscal cliff is going to impact me as a business owner. it makes me uncertain. it makes me wonder, should i expand? should i hire more people? do i need to lay people off? the bottom line, we're at this point in a lack of leadership. it's an embarrassment how washington is acting. i am begging somebody in washington, step up. be accountable. take responsibility. solve the root cause of these issues. get smart about your weight. >>> the graphic says it, market flash. welcome back to the program. let's look at best buy. the stock's not moving higher, but there are positive comments out there. rare positive comments from an analyst about the store upgrades. bby has been remodeling a number of stores. david chick says they are a real improvement from the old sto
so much to think about, even as you're returning and using cards in this environment. thanks so much. jane wells. when we come back, find out how the fiscal cliff is affecting the euro's move higher. here's one corporate executive's view of the fiscal cliff. >> i'm the president and ceo and owner of canon safe. the fiscal cliff is going to impact me as a business owner. it makes me uncertain. it makes me wonder, should i expand? should i hire more people? do i need to lay people off? the...
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Dec 28, 2012
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has a great history of raising dividends, and even in a higher tax environment. for instance, i don't think an investor would say, i'm going to shun higher dividend stocks, because now my tax rate is up. unfortunately, it will be higher, but you still will pursue dividend stocks. >> got it. peter. thank you. happy new year to you. peter anderson of asset management. >>> still ahead, the head of the campaign to fix the debt joins us live. what needs to happen so we can get a deal done and can it done at this meeting the today? also ahead, we're live from the port area of bay young, new jersey, with an update on a possible strike that could affect businesses from texas to massachusetts. also got the houston mayor to tell us how her city is preparing for a strike. futures still a little jittery here this morning. dow down 86. "squawk on the street" back in a minute. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello
has a great history of raising dividends, and even in a higher tax environment. for instance, i don't think an investor would say, i'm going to shun higher dividend stocks, because now my tax rate is up. unfortunately, it will be higher, but you still will pursue dividend stocks. >> got it. peter. thank you. happy new year to you. peter anderson of asset management. >>> still ahead, the head of the campaign to fix the debt joins us live. what needs to happen so we can get a deal...
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Dec 24, 2012
12/12
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[laughter] i did it take starter out of desperation to say the enemy is not a big business but big environment. they just laugh. john: instead they make a movie called promised land that says racking is evil. >> yes. matt damon will tell you fracking should be banned. and the heartland knows it is good for their community. their story had to be told. i asked the people of america and they did. john: buy give you $1 my name is in the credit? $20, dvd. $125 a film poster. this motivated people? >> anybody who gave $1 is the executive producer. [laughter] this is a film by the people for the people it allows the documentary movement to kick starter -- kicks starter. no longer can hollywood say what is a documentary. people out there, but kicks starter has closed. it is fantastic. john: good luck with your movie. i hear that mark cuban bought it? >> it will be on access tv going up against the promised land at the same time. there will be another voice. kicks starter has allowed us to do that. john: thank you. my charity and a charity sturdy that got the biggest film start -- story in so, this boa
[laughter] i did it take starter out of desperation to say the enemy is not a big business but big environment. they just laugh. john: instead they make a movie called promised land that says racking is evil. >> yes. matt damon will tell you fracking should be banned. and the heartland knows it is good for their community. their story had to be told. i asked the people of america and they did. john: buy give you $1 my name is in the credit? $20, dvd. $125 a film poster. this motivated...
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Dec 24, 2012
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. >> 14 day mission has shown us that man, indeed, adapts to the space environment and the additional data allows us to permit man to a lunar mission. >> apollo program got us to the moon but it almost cratered. [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. >> everybody knew a lunar mission was extremely dangerous under taking. a man died on a launch pad during a dress rehearsal. they were helpless to save him. >> friday january 27, '19 # # 6 they enter conducted a preflight test. test conductors were about ready to pick up the camera the instrument showed an unexplained rise in the oxygen flow into the safety. about 6 seconds later the voice of ed white came over the intercom. >> we have a fire in the cockpit. >> a fire in the cockpit. >> they were inside a spacecraft in pure oxygen. that's a recipe for disaster. all they needed was a spark an
. >> 14 day mission has shown us that man, indeed, adapts to the space environment and the additional data allows us to permit man to a lunar mission. >> apollo program got us to the moon but it almost cratered. [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time...
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Dec 27, 2012
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and again, looking for high quality stocks, dividend paying stocks in this environment, will, i think, be -- >> even with the, you know, our previous segment was talking about potential for big tax hikes on dividends. even with that, you'll still be going for dividend stocks? >> i think so. i heard that segment and i think we will be get an increase but we won't get that full effect going to the maximum tax rates. >> right. we can only hope there. >> looking in that 20% range. >> chad, what are your expectations? >> well, i think you're going to go over the cliff, but you're going to get a mini bargain. any market dislocation you have over the next 15 trading days, i'd be a buyer. in the long run, we have the economy that's improving, stall speed, but that will gradually increase over the course of the year. once you have some more certainty. so, you'll get some capital spending, you'll get retail investors that will be a little bit more optimistic as well as institutional inves or thes will start to click and up their equity allocation. >> where does 2013 end up for the market? >> i'
and again, looking for high quality stocks, dividend paying stocks in this environment, will, i think, be -- >> even with the, you know, our previous segment was talking about potential for big tax hikes on dividends. even with that, you'll still be going for dividend stocks? >> i think so. i heard that segment and i think we will be get an increase but we won't get that full effect going to the maximum tax rates. >> right. we can only hope there. >> looking in that 20%...
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Dec 28, 2012
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we think we have a more certain environment than it looks like today. a move up to 400,000 would be great. all these things are positive. they're all positive. >> how do those translate into corporate earnings delivering what you need them to deliver? >> we can't have a, you know, an air pocket blowing into the consumer's wallet. those things help to shore up the people that buy the products that drive the corporate earnings and, you know, there's a lot of corporate tax breaks involved. the valuations are reasonable. we think consensus earnings at 10% for next year. still a little high. but they do continue to climb. we think the terrible value in the treasury market is also bullish for equities. obviously cash isn't much of an option. you put it all together and we think high single digit type year is likely for stocks next year. >> weis? how does it sound to you? >> i think the first quarter is going to be a little tough and it is off to the races. the u.s. economy is clicking. we have housing, autos. those are lynch pins for the consumer but my quest
we think we have a more certain environment than it looks like today. a move up to 400,000 would be great. all these things are positive. they're all positive. >> how do those translate into corporate earnings delivering what you need them to deliver? >> we can't have a, you know, an air pocket blowing into the consumer's wallet. those things help to shore up the people that buy the products that drive the corporate earnings and, you know, there's a lot of corporate tax breaks...
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Dec 29, 2012
12/12
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risky startup companies, we are hitting these people and penalizing them rather than seeing a favorable environment for capital to have long-term economic growth we want thank you for coming on tonight, great stuff. gerri: some good news, mortgage rates this year were the lowest they have been in 60 years. unbelievable. thirty year fixed mortgage fell. it if l.a. 3.14%. freddy mac's reported 3.35%. even that is not the lowest we have seen this year. but it sure is close. that sounds like opportunity to me. the northeast is threatened to be slammed by another winter storm. we will be right back. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. gerri: giving you a quick recap of our top story tonight, president
risky startup companies, we are hitting these people and penalizing them rather than seeing a favorable environment for capital to have long-term economic growth we want thank you for coming on tonight, great stuff. gerri: some good news, mortgage rates this year were the lowest they have been in 60 years. unbelievable. thirty year fixed mortgage fell. it if l.a. 3.14%. freddy mac's reported 3.35%. even that is not the lowest we have seen this year. but it sure is close. that sounds like...
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Dec 28, 2012
12/12
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risky startup companies, we are hitting these people and penalizing them rather than seeing a favorable environment for capital to have long-term economic growth we want thank you for coming on tonight, great stuff. gerri: some good news, mortgage rates this year were the lowest they have been in 60 years. unbelievable. thirty year fixed mortgage fell. it if l.a. 3.14%. freddy mac's reported 3.35%. even that is not the lowest we have seen this year. but it sure is close. that sounds like opportunity to me. the northeast is threatened to be slammed by another winter storm. we will be right back. gerri: giving you a quick recap of our top story tonight, president obama speaking just moments ago. in that immediate action is needed to avert falling off the fiscal cliff. he says that he is optimistic for an agreement, but neither republicans or democrats will get 100% of what they want. earlier today, the president met with congressional leaders at the white house. a closed-door meeting, here is what the president said just a short time ago. >> we are going to construct a discussion with senate and hous
risky startup companies, we are hitting these people and penalizing them rather than seeing a favorable environment for capital to have long-term economic growth we want thank you for coming on tonight, great stuff. gerri: some good news, mortgage rates this year were the lowest they have been in 60 years. unbelievable. thirty year fixed mortgage fell. it if l.a. 3.14%. freddy mac's reported 3.35%. even that is not the lowest we have seen this year. but it sure is close. that sounds like...
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Dec 22, 2012
12/12
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shouldn't unions get with it, see reality and see global environment. >> should unions get with it the fact we don't have living wages in the united states and corporations have so much power they're overriding --. neil: what about nonunion counterparts who go throug the same stuff every day. >> they do and a sme they're not unionized because union wages are 28% higher. everyone should be in a union. the fact we lost sight of that. neil: why don't you think they are? maybe because they can't be a of forded? >> i think corporations have run a campgn for the last 40 years that have demonized unions and when you talk about unions we're talking about average workers. we'rr talking about your neighbors. we're talking about, you know, maybe people who are watching this. we're not talking about some amorphous group of thugs as they have often been characterized. neil: i don't think wehave to talk about amorphous group of thugs. we have to talk about money in, money out. a lot of companies can't afford them. they look always for the place where capital will be least risked. >> i think that com
shouldn't unions get with it, see reality and see global environment. >> should unions get with it the fact we don't have living wages in the united states and corporations have so much power they're overriding --. neil: what about nonunion counterparts who go throug the same stuff every day. >> they do and a sme they're not unionized because union wages are 28% higher. everyone should be in a union. the fact we lost sight of that. neil: why don't you think they are? maybe because...
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Dec 27, 2012
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. >> bottom line, do you think the environment is better off for her legacy? do you think she's done more good than harm? >> in terms of the markets and looking at her tenure, you can say it was tumultuous. she was under investigation for how she used her internal e-mail. the one success she did have from a democratic perspective, she improved fuel efficiency standards. that's probably her main legacy as well as the lost cause perhaps on climate change. >>> robert, thank you very much, buddy. you have a happy new year. appreciate it. >> thank you. >>> some of you have gotten this right on twitter. here's another hint about the retail stock that has been a first quarter juggernaut. it more than doubled in the first three months of this year but has sunk recently. >> on a day like this, where is herb. >> he's sunning himself shirtless in stamford, connecticut. >> plus, jane wells is tracking the holiday retailers who were winners and losers. >> mandy, we have new data suggesting there was a last-minute surge in spending. really? we're going to look at those numb
. >> bottom line, do you think the environment is better off for her legacy? do you think she's done more good than harm? >> in terms of the markets and looking at her tenure, you can say it was tumultuous. she was under investigation for how she used her internal e-mail. the one success she did have from a democratic perspective, she improved fuel efficiency standards. that's probably her main legacy as well as the lost cause perhaps on climate change. >>> robert, thank...
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Dec 27, 2012
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maybe jc penney works or best buy works but you can't take the shot in this environment. you won't get it why. >>> and the gold trade has hardly budged. why is that? we'll head to the pits to find out. >>> housing on track for the first yearly gain in more than six years. a look whether the trend continues in 2013 and the best housing stock ahead. >>> shares of delta soaring more than 40% and we will debate whether the stock is on au autopilot or due to land. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and
maybe jc penney works or best buy works but you can't take the shot in this environment. you won't get it why. >>> and the gold trade has hardly budged. why is that? we'll head to the pits to find out. >>> housing on track for the first yearly gain in more than six years. a look whether the trend continues in 2013 and the best housing stock ahead. >>> shares of delta soaring more than 40% and we will debate whether the stock is on au autopilot or due to land. [ sniffs...
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Dec 29, 2012
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we're operating in an environment where, quote, uncertainty is the new normal. this is the equivalent of the last-minute christmas shopping to protect assets of going over the fiscal cliff, planners and wealth managers say it's been a banner year especially for estate planning and here's a couple of reason yes. there's a big change coming with the gift tax. right now there's a $5 million exempted and the tax rate is 35%. on midnight on new year's eve the exemption drops to 1 million and the tax rate goes on 55% and the capital gains tax rate expected to increase from 15% to 20% and the brand new 3.8% medicare tax on wage earners above 200,000 a year and a possible future cap on general deductions is all part of that renewed interest and estate planning. among those closely watching what the president and top congressional leaders do over the weekend to avoid going over the cliff, millions of married couples facing a higher tax burden. the bush-era tax law which eliminated the so-called marriage penalty for joint filers is expiring, meaning with couples with next
we're operating in an environment where, quote, uncertainty is the new normal. this is the equivalent of the last-minute christmas shopping to protect assets of going over the fiscal cliff, planners and wealth managers say it's been a banner year especially for estate planning and here's a couple of reason yes. there's a big change coming with the gift tax. right now there's a $5 million exempted and the tax rate is 35%. on midnight on new year's eve the exemption drops to 1 million and the tax...
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Dec 22, 2012
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. >> well, i'm a catholic and i was raised in a pretty strong faith environment with my family. and i certainly had this at my school. and i don't disagree with you. i think it's all sorts of things, larry. it's the lack of parental guidance, as well. i think it's the breakdown of the social fabric of the family in america and many other countries. but the particular problem for america, which no other country that has the video -- britain has mental health issues, britain has the same videos, the same hollywood movies, britain has all the social problems that america has albeit on a smaller scale. the one thing we don't have is guns. there are no assault weapons allowed for civilians. and guess what? we don't get mass shootings ever. >> you're not against handguns or rifles. >> no, absolutely not. and i fully respect the second amendment and the right to bear arms and defend yourselves. if a father or mother in a house wants to have a handgun or a pistol to defend themselves against an intruder, that is fine by me. i respect your second amendment, but nobody can tell me you nee
. >> well, i'm a catholic and i was raised in a pretty strong faith environment with my family. and i certainly had this at my school. and i don't disagree with you. i think it's all sorts of things, larry. it's the lack of parental guidance, as well. i think it's the breakdown of the social fabric of the family in america and many other countries. but the particular problem for america, which no other country that has the video -- britain has mental health issues, britain has the same...
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Dec 26, 2012
12/12
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sometimes it's tough environment. i think this will also keep all the asian currencies elevated which is good for the china story also. >> all right. sometimes it's tough to buy the losers and sell the winners. let's play a little hold 'em fold 'em with stocks today. first up, g.m. treasury recently announced its plan to sell its stake in the car maker. what do you do? >> i think you hold it. it's a cheap stock, we're still in a recovery. the one issue could be if the yen gets incredibly, incredibly cheap, makes their autos that much cheaper. however, toyota is the largest car manufacturer in the u.s., bigger than g.m. nonetheless, it's cheap, i would hold it. i would also hold ford. >> eastman chemicals, that stock is trading at a record high, soaring 69% over the past year. the chemical company expecting a 50% increase in profits over the next three years. pete, hold it or fold it? >> it's been an under the radar stock this whole sector. the chemical sector, they remain cheap. eastman kodak -- eastman chemical on th
sometimes it's tough environment. i think this will also keep all the asian currencies elevated which is good for the china story also. >> all right. sometimes it's tough to buy the losers and sell the winners. let's play a little hold 'em fold 'em with stocks today. first up, g.m. treasury recently announced its plan to sell its stake in the car maker. what do you do? >> i think you hold it. it's a cheap stock, we're still in a recovery. the one issue could be if the yen gets...
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Dec 27, 2012
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and you'll see lyric can also give you exceptionally clear, natural sound in quietnd noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimonial section) did you know, 94% of people who use lyric would recommend lyric to a friend or loved one. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call or visit trylyric.com for a risk--free 30--day trial offer. you'll also get a free informational dvd and brochure. why wait? hear today what a little lyric cacan do for you. lyric from phonak. life is on. >>> you know, i'm going to call it a flat market. yeah, i know the dow industrials are up, but that's pretty flat on the index. look at oil, that's interesting, yeah, looking at $91 a barrel. say goodbye to the long decline of gas prices, they're going to start going up again. if you watch a lot of television news and we do, hopefully you do just that, you may feel bombarded with the bad news, fiscal cliff, debt, crime, john stossel does not see that, are you going to break out int
and you'll see lyric can also give you exceptionally clear, natural sound in quietnd noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimonial section) did you know, 94% of people who use lyric would recommend lyric to a friend or loved one. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call or visit trylyric.com for a risk--free 30--day trial offer. you'll also get a free...
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Dec 28, 2012
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they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield under 170, okay. >> really. let me get this straight. they can't get a deal on controlling out-of-control debt, so rates go down. i used to trade during graham/rudman and i remember when they couldn't get deficit conversatio
they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in...
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Dec 28, 2012
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to take a spike in interest rates for washington to act and do something about the entire financial environment in the country? >> i think washington's playing with fire. i don't think they realize this is not a game. people right now are unsettled, and they are not certain about the future, and they are adjusting budgets because people plan right now. job creators make their budgets for next year now. dagen: right. >> we're deciding how many people to hire. i have a buddy in rhode island running a factory with 500 employees and told the four department heads give me plans for 20% across the board cut if the fiscal cliff hits. i mean, this is the wrong posture. we don't want people that create jobs, people that decide how many people will be hired in the next year to be having -- to have bad karma now. we want people looking forward in a positive way, how we're going to grow into new markets, how to export more. we need the country to be more competitive so we can export to china, mexico, export to canada. that's critical, growth. if we have growth, we hire more people. dagen: drew, thank you,
to take a spike in interest rates for washington to act and do something about the entire financial environment in the country? >> i think washington's playing with fire. i don't think they realize this is not a game. people right now are unsettled, and they are not certain about the future, and they are adjusting budgets because people plan right now. job creators make their budgets for next year now. dagen: right. >> we're deciding how many people to hire. i have a buddy in rhode...
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Dec 27, 2012
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i think in this environment, do you want to own that retail business? what do you think the net gross margins are at smith barney? >> it's impossible to say. >> they don't tell you. and i don't know that it's that profitable of a business. i know a lot of f.a.'s as you do, that business is under a lot of pressure. the big houses keep coming back to them, raising the minimums, taking economics out and what they're really telling you is unless you're a 5 million or 10 million dollar client they don't want you. >> where are you in the housing market vis-a-vis the mortgage business? >> well, at carrington we're looking for 5 million, maybe 5.1 million home sales next year. volumes will probably be down. we agree with the mortgage bankers association, simply because the financing wave is going to taper off. the obama administration is talking about refinancing again. i think you're going to see some proposals coming out of there. but the government is 90% of the market. if you look at firms like ours we basically do ginnie mae and nonconfirming production. w
i think in this environment, do you want to own that retail business? what do you think the net gross margins are at smith barney? >> it's impossible to say. >> they don't tell you. and i don't know that it's that profitable of a business. i know a lot of f.a.'s as you do, that business is under a lot of pressure. the big houses keep coming back to them, raising the minimums, taking economics out and what they're really telling you is unless you're a 5 million or 10 million dollar...
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Dec 27, 2012
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you'll see prices go up in that environment. a lot of people are not willing to sell. they say the price of my home is still down big time. prices need to go up. >> home prices are in the eyes of the beholder, right? if you're still underwater, you need a dramatic increase in the price of your home in terms of percentages to get back to even. those people aren't going to feel like things are off the bottom. definitely i've seen here in new york city bidding wars on apartments. there have been improvements in some parts of the country. >> the market is percier. i still feel like a loser because of, kayla, what you were saying. i'm still down from where i was. >> you don't want to sell. >> right. anyhow, let's talk about chicago. i'll be there next week with the morning star mutual manager fund of the year. i'm going to find that chicago is going to have the most expensive parking meters in the country. $6.50 per hour down on the loop. four years ago most of the windy city's parking meters cost just 25 cents per hour. this is demand pricing, isn't it, michelle? >> i love
you'll see prices go up in that environment. a lot of people are not willing to sell. they say the price of my home is still down big time. prices need to go up. >> home prices are in the eyes of the beholder, right? if you're still underwater, you need a dramatic increase in the price of your home in terms of percentages to get back to even. those people aren't going to feel like things are off the bottom. definitely i've seen here in new york city bidding wars on apartments. there have...
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Dec 28, 2012
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so what do you do in an environment like this? every individual ought to have a plan. they ought to have a place they're trying to get to. if they're not there now then they ought to have a second plan for how long it takes them to get there, and under what conditions. don't do anything precipitously. individual investors have a knack for making decisions about investing in asset classes at exactly the wrong time. they need to be disciplined. >> all right. balance is another word that sort of irritates me, because when i hear democrats use balance it means higher taxes, when i hear republicans use balance, it means more spending cuts. when you say we need a balanced approach long-term, what are you talking about? >> well, actually, this, i think, is something that investors need to think about. and there are a couple of very smart people writing about the issue. i would say jeremy grantham. but the whole are we coming to the end of an era. in fact i think one of our guests today wrote a piece on this. the end of the era where we could count on 3% average growth in the
so what do you do in an environment like this? every individual ought to have a plan. they ought to have a place they're trying to get to. if they're not there now then they ought to have a second plan for how long it takes them to get there, and under what conditions. don't do anything precipitously. individual investors have a knack for making decisions about investing in asset classes at exactly the wrong time. they need to be disciplined. >> all right. balance is another word that...
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92
Dec 26, 2012
12/12
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FBC
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eye 92
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and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimonial section) did you know, 94% of people who use lyric would recommend lyric to a friend or loved one. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call or visit trylyric.com for a risk--free 30--day trial offer. you'll also get a free informational dvd and brochure. why wait? hear today what a little lyric cacan do for you. lyric from phonak. life is on. david: good morning varney & company viewers. i'm david asman. stuart will be back tomorrow. new at 10:00, federal subsidies for wind power are set to expire in a couple of days on december 31st if congress decides to extend those subsidies, you the taxpayer will be on the hook for 12 billion dollars just for next year alone. since 92 the u.s. has spent nearly 24 billion dollars on wind energy, but get this, it hasn't gotten any cheaper, not a penny. it is still one of the most exp
and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimonial section) did you know, 94% of people who use lyric would recommend lyric to a friend or loved one. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call or visit trylyric.com for a risk--free 30--day trial offer. you'll also get a free...
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274
Dec 26, 2012
12/12
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CNBC
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can they expect a tougher business environment in the new year? we will break it down next. and then the impact on the insurance market and we will talk to eric dinallo, the former new york insurance superintendent. >> my name is allen shortal founder of this corporation. if the fiscal cliff doesn't get resolved no question the u.s. economy will go into recession. we closed down our manufacturing in china and relocated it in the usa. for other companies to follow our lead, they need to trust our leaders in washington will actually lead. think outside the box, great incentive for businesses to invest in the u.s. economy. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. what starts with adding a fri
can they expect a tougher business environment in the new year? we will break it down next. and then the impact on the insurance market and we will talk to eric dinallo, the former new york insurance superintendent. >> my name is allen shortal founder of this corporation. if the fiscal cliff doesn't get resolved no question the u.s. economy will go into recession. we closed down our manufacturing in china and relocated it in the usa. for other companies to follow our lead, they need to...
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245
Dec 24, 2012
12/12
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CNBC
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you talk about, again the regulatory environment. thees a ease of regulation in a deregulated environment. global competitiveness. you talk about the pricing of oil. this is why we're down in washington, really trying to educate and ceos elected are important in this industry. >> you have players trying to take market share. are you seeing impact of private jet companies sprouting up all over the place, trying to get folks to do private jets? >> really not yet. >> not yet. >> what i hear, is it the corporate jet is not available, i'm flying jetblue. i love that compliment. someone flying from teterboro to west palm beach, they are taking care of that corporation. >> good strategy in teterboro, i'll tell that you. >> it works for us. >> thanks so much pch wonderful to see you and merry christmas. happy holidays. you've heard concerns, tax implications, even recession fears if we go over the fiscal cliff. what happen fess we don't in steve liesman's predictions. >>> have you bought an apple product on-line from anyone? if you have, lis
you talk about, again the regulatory environment. thees a ease of regulation in a deregulated environment. global competitiveness. you talk about the pricing of oil. this is why we're down in washington, really trying to educate and ceos elected are important in this industry. >> you have players trying to take market share. are you seeing impact of private jet companies sprouting up all over the place, trying to get folks to do private jets? >> really not yet. >> not yet....
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301
Dec 24, 2012
12/12
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CNBC
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the argument we were moving from a trading environment, which they had been talking about for ten years, and moving towards a new secular bull market beginning in 2013. that means you take out the old highs. we still believe that, 1615 who take out the old highs. housing getting better, turning after six years after a horrible recession. we're looking at the energy boom in the country. we're looking at the wireless mobility aspects to technology and we're looking at the -- one other phenomenon is the competitiveness. >> does that bring mom and pop home? >> what will bring mom and pop home ultimately is losing a little bit of money in their bond funds. over $1 trillion in bond funds over the last four years. but if you look at survey work, particularly survey of consumer finance by the federal reserve board, you'll see that people still want to buy equities. that's been true for the survey for the last, you know, 10, 12 years, despite what just happened. most people don't understand this, 35 to 39-year-olds is a cohort of the americans who begin to save for retirement. essentially they g
the argument we were moving from a trading environment, which they had been talking about for ten years, and moving towards a new secular bull market beginning in 2013. that means you take out the old highs. we still believe that, 1615 who take out the old highs. housing getting better, turning after six years after a horrible recession. we're looking at the energy boom in the country. we're looking at the wireless mobility aspects to technology and we're looking at the -- one other phenomenon...
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190
Dec 24, 2012
12/12
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CNBC
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>> i think, you know, in general, it will not be a robust environment. it will be premuted, like we've seen. we initiated coverage on ibm on friday. and we think that's a great way to play kind of a muted environment, a company that i think will gain share from hewlett packard and some of their troubles and plays into the big trend. so the big trends are still there. the ramp in the mobile internet, the ramp of cloud computing and kind of the early stages of big data. and ibm plays into the cloud and big data very, very well. they've got a nice, recurring revenue base. >> before we let you go, you're getting into ibm, but given that thesis, what do you get out of it? >> well, i think hewlett packard will still be a challenge company. i think some of the more cyclical tech plays, we covered some of the tech supply vendors. we recently put a sell on lg display. some of the ems companies we have a sell on. i think there's a lot of these companies, lower quality, that in the last couple of months have rallied at the end of the year, maybe on short covering,
>> i think, you know, in general, it will not be a robust environment. it will be premuted, like we've seen. we initiated coverage on ibm on friday. and we think that's a great way to play kind of a muted environment, a company that i think will gain share from hewlett packard and some of their troubles and plays into the big trend. so the big trends are still there. the ramp in the mobile internet, the ramp of cloud computing and kind of the early stages of big data. and ibm plays into...
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221
Dec 26, 2012
12/12
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FOXNEWSW
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it's a very tough economic environment. gregg: you know, out in the shopping malls it's really being felt, and we measure that, right, with shopper track? >> yes. and shopper track is down from what they had forecast. they recently revised it lower, down about 25%. and, gregg, i think it's important to point out that stock prices on a lot of retailers and all companies, but especially redalers, moved -- retailers, moved up in anticipation of good sales. and as a result of the numbers not being very good, i think you're going to see the earnings estimates from analysts on wall street come down. so you might start to see that impact on the stock market as well. gregg: how much of this, ed, is fiscal cliff as opposed to just the aggregate of bad economic news? >> yeah. i don't think most people really understand the fiscal cliff. i think they're starting to get it just as molly had showed a couple minutes ago about how much more you're going to pay in taxes. i think it's a lot of confusion, and when people are confused, they r
it's a very tough economic environment. gregg: you know, out in the shopping malls it's really being felt, and we measure that, right, with shopper track? >> yes. and shopper track is down from what they had forecast. they recently revised it lower, down about 25%. and, gregg, i think it's important to point out that stock prices on a lot of retailers and all companies, but especially redalers, moved -- retailers, moved up in anticipation of good sales. and as a result of the numbers not...